Other loan collateral refers to the borrower borrowing funds with the property or articles in his name as collateral when he needs a loan. These projects are usually fixed assets, such as houses, land and vehicles. The so-called "other items" means that these properties not only belong to the borrower, but also can exist in the name of others. Therefore, the borrower needs to clearly express his loan contract and his mortgage right, so that the lender can seal up and detain the collateral uncontroversially in the future.

Other mortgage loans are very common between banks and financial institutions. After the borrower mortgages his property, the credit institution can reduce the risk of mortgage loan. At the same time, this method can help borrowers without collateral to obtain loans. However, when other loans are mortgaged, the borrower needs to declare that no one has put forward ownership or other rights to the collateral. This method is a common financial service and can be used to obtain some short-term loans.

When choosing other mortgages, borrowers and lending institutions need to be very cautious. The borrower must provide detailed property information to ensure that there is no dispute between ownership and existing mortgage. If the borrower does not meet the requirements of the lending institution, it will be difficult to obtain a secured loan. Of course, this loan method also has risks. The borrower must repay the loan within the specified time, otherwise the lending institution can auction the collateral and recover the loan. Therefore, borrowers should get professional financial and legal advice when choosing other loan collateral.